Programme in preparation

Portfolio Management

Objectives

This programme is divided in four parts - the learning objectives are detailed in the content description.

The first module gives a more in depth understanding of the Portfolio construction and asset allocation, with hands-on exercises on Excel based on classic allocation theoretical models.

The second module provides an introduction to real estate portfolios and markets as well as an analysis of this specific asset class.

The third module provides an overview of international fund regulations, with a focus on US and EU and some perspectives for the Asian market. It also provides an overview of the major developments of fund governance, and more specifically the evolution of the regulators view.

The fourth module consists of a round table discussion on Mongolia as financial investment place.

Target Group

Young executives, junior traders, specialists and high potentials of commercial banks or other financial institutions with an interest in Asset Management, Private Banking, Investment Advisory, Relationship management, Risk management and Portfolio Management.

Location and duration: in partner countries

in partner countries: 4 days +1 day round table discussions

 

 

Detailed programme Explode

MODULE 1:

Portfolio construction and asset allocation (2 days)

After this course, participants will be able to:

  • Understand asset classes and global asset allocation
  • Understand portfolio construction methods and have a practical understanding of quantitative methods
  • Understand the pitfalls and shortcomings of statistical tools

 

Day 1

  • Organization and governance of portfolio management
  • Understanding quantitative methods: some examples
  • Minimum variance portfolio: case study
  • Black-Litterman method: case study

Day 2:

  • Black-Litterman case study (continued)
  • Risk parity construction: case study
  • Principles of Bond Portfolio management
  • Bond portfolio management: case studies and exercises

 

MODULE 2:

Real Estate Fund Management (1 day)

After this course, participants will be able to:

  • Understand the basics of the RE industry
  • Understand Real estate valuation
  • Understand how to include real estate in the asset allocation
  • Understand how real estate funds operate
  • Understand how to risk manage a real estate portfolio

Day 3

  • Real Estate markets
  • Real Estate valuation and indices
  • Real Estate financing
  • Major characteristics of the Real Estate asset class
  • Including Real Estate in the asset allocation
  • Major characteristics of a RE fund
  • Introduction to risk management of RE portfolios

 

MODULE 3:

Fund Regulation and fund governance (1 day)

After this course, participants will be able to:

  • Have an overview of major regulations impacting an investment fund
  • Have an understanding of how US and EU fund markets operate and understand the notion of fund passport
  • Understand the importance and significance of governance
  • Evaluate responsibilities of the various stakeholder in a fund
  • Understand the basic principles of good governance

Day 4

  • An overview of fund regulation: selling shares, managing money, running a corporation or partnership
  • US regulatory framework: 1933 and 1940 Acts
  • EU regulatory framework: UCITS, AIFMD, MiFID
  • Asian developments: ASEAN CIS and APEC fund passport
  • AML/KYC in a nutshell
  • International TA laws: FATCA and OECD CRS for exchange of information
  • Introduction to governance
  • Recent developments in Governance
  • Fund governance: principles and limitations
  • Governance versus compliance

MODULE 4:

Round table discussion on Mongolia as financial investment place (1 day)

The round table will allow to:

  • debate and explore the possibilities for Mongolia to increase foreign investments in the country through various approaches, measures and law making, with the help of practical examples taken from historical developments in Europe and Luxembourg.

Day 4

  • Improving country image and investor trust
    • Tax stability, legal stability
    • Reporting rules and transparency
    • Enforcing the law: contractual security and pragmatic approach of the regulator
  • Restoring trust after a crisis
    • Trust from investors, trust from trade partners
    • Luxembourg: the BCCI case
    • Luxembourg: Luxleaks
  • The importance of communication, transparency and governance
    • Finding a competitive advantage or differentiating factor
    • Developing competence and knowledge
    • Government support and consistency
    • Marketing at country level as well as business level
    • Compliance versus good governance: principles and codes of conduct only work when the law is enforced properly
    • Enforcing international standards pragmatically

 

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